Financing for Professional Athletes Who Are In Arbitration
Sure Sports offers financing and loans for MLB and NHL Players awaiting arbitration decisions and contracts. Financing of up to 10% of a player’s projected market value or 30% of the team’s submitted salary proposal is available.
Benefits of Arbitration Financing
Confidentiality is at the forefront of everything we do
Sure Sports maintains strict confidentiality in all communications. We prioritize protecting the privacy of our borrowers and take all necessary measures to ensure it is upheld throughout the process.
Shortly after the conclusion of the MLB season, Sure Sports received a request to secure financing for a Pre-Arbitration MLB player.
The Player requested a $325,000 loan, with the primary use of the funds going towards renovations on the Player’s offseason residence.
Subject to the MLB’s pre-arbitration rules, the Player’s MLB Salary fo the following season was likely remain undetermined until mid-January (nearly 4 months away).
Although the Player did not have a signed contract in place, Sure Sports was able to work with our General Counsel to assist the Player in getting a bank approval in short order using the player’s Future Market Value.
Sure Sports had an Arbitration Memorandum prepared by its General Counsel, Heitner Legal. The memo provided insight into the total value of the MLB Contract that the Player was expected to sign prior to the beginning of the MLB Season, along with an overview of the MLB Salary Arbitration process and the applicable qualifications that made the Player eligible for Arbitration.
Based upon the memo, Sure Sports was able to have the Player’s loan request approved by 3 banks within 10 business days.
Get in touch with one of our representatives to kick off your loan approval process.